(CRER) Chicago Real Estate Resources, Inc is proud to announce the sale of 449-471 N Union Ave in Chicago’s River West Neighborhood. CRER’s Nate Gautsche represented the seller and Tim Keenan also of CRER represented the buyers in the $8.0M sale of the 19,007 SF lot – $420.90psf.
449-471 N Union Ave featured underlying zoning of C1-5 which was rare for the area and permitted substantial density within right. Nate Gautsche privately marketed the lot on behalf of private owners who has purchased the lot out of foreclosure in 2013. Due to extensive relationships in the market, CRER was able to procure the highest and best buyer in the market and achieve a sales price almost 5 times the price Gautsche’s client paid 4 years prior.